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Tems11 [23]
1 year ago
13

TRUE/FALSE. a good with many close substitutes is likely to have relativelyelastic correct demand, since consumers can easily ch

oose to purchase one of the close substitutes if the price of the good rises.
Computers and Technology
1 answer:
natta225 [31]1 year ago
8 0

Yes, this is true. Close substitutes for a good will make the demand for that good more elastic, since consumers can easily switch to a different good if the price of the original good rises.

<h3><u>The Impact of Close Substitutes on Price Elasticity of Demand</u></h3>

The demand for a good with many close substitutes is likely to be relatively elastic. This is because when the price of the good increases, consumers can easily switch to one of the close substitutes, which limits the effect of the price increase on demand.

For instance:

  • If the price of a particular brand of cereal rises, consumers may decide to purchase a different brand of cereal as an alternative, rather than paying the higher price.

This ability to switch to a close substitute reduces the impact of the price increase on demand.

Elasticity is an important concept in economics and can be used to understand how prices and demand interact.

  • When demand is elastic, an increase in price will cause a large decrease in demand. This is because consumers have the ability to switch to close substitutes, which limits the effect of the price increase.
  • On the other hand, when demand is inelastic, an increase in price will cause only a small decrease in demand. In this case, consumers do not have close substitutes available, so they are more likely to continue purchasing the good despite the price increase.

Learn more about <u>Elasticity </u><u>of </u><u>Demand</u> at: brainly.com/question/5078326

#SPJ4

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Answer:

The biggest culprit for excess noise in computers Computer internal devices all generate "heat."  Most computers manufacturer add temperature controller fans on important internal devise or locations.  These will spin faster when "hot" temperatures are detected.  With the fans, there are usually "ventilation holes" needed to push this hot "air" out.  Unfortunately, these holes let in dust and "other debris' into the fans, thus making them "spin" harder and faster. This is normal. You might want to take your computer to your school's office and ask them about your. computer. I think I have a solution below but I am not sure it will work.

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3 0
2 years ago
Read 2 more answers
Discuss the differences between a quantitative and qualitative risk analysis. Please write two paragraphs.
Burka [1]

Answer:We start each project to get some business benefits. We design it to achieve users and other stakeholder’s satisfaction. And we build it to improve organization KPIs. But, we live in a world where the project faces many uncertainties. These uncertainties or risks can prevent from achieving our project goals or objectives. So, it is critical that we identify them in time to take care of their effective responses.

The more we know our risks, the more we can evaluate and prioritize them timely for:

Reducing their probable negative impacts, or

Increase their likely positive impacts

We can use Qualitative Risk Analysis and Quantitative Risk Analysis techniques to evaluate and prioritize risks. I see there are a lot of confusions around how these two techniques are different from each other.  In this blog, I will address these confusions and differences between these two techniques.

Before we get into the difference between qualitative and quantitative risk analysis/assessment, it is mandatory to understand how we perform risk analysis in projects.  Below is the summarized demonstration of the risk analysis:

Explanation:

8 0
3 years ago
A mother age is formed by reversing the two digits of daughters age. If the mother is 18 years older than daughter and sum of th
Gwar [14]
I'm not absolutely positive that my answer is correct... but here's what I got...

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4 0
3 years ago
The superclass Calculator contains: a protected double instance variable, accumulator, that contains the current value of the ca
yawa3891 [41]

Answer:

The following program are written in JAVA Programming Language.

//inherit the Calculator class

public class CalculatorWithMemory extends Calculator {  

   private double memory = 0.0;    //initialize double type variable

   public void save() {   //define function

       memory = accumulator;    

   }

   public void recall() {   //define function

       accumulator = memory;

   }

   public void clearMemory() {   //define function

       memory = 0;     //initialize the value

   }

   public double getMemory() {  

       return memory;    // return the value in "memory" variable

   }

}

Explanation:

Here, we inherit the property of the "Calculator" class.

Then, we define the private double type variable "memory" and assign value 0.0.

Then we set the function "save()" inside it we assign the value of "memory" in "accumulator" and close the function.

Then, we define the function "recall()" inside it we assign the value of "accumulator" in "memory" and close the function.

Then we set the function "clearMemory()" inside it we assign "memory" to 0.

After all, we set the double type function "getMemory()" inside we return the value of the "memory".

7 0
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I’m joining the robotics team in my school, but my knowledge is pretty basic. What should I do to improve myself?
Aleonysh [2.5K]
Start learning the functions of a computer and really put ur heart into it
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3 years ago
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